Los Angeles Angels owner Arte Moreno announced on Tuesday that he will explore a possible sale of the team, and the implications for Major League Baseball are already looking enormous.
Moreno purchased the Angels back in 2003 from Disney for around $180 million. And despite putting together a stunning 20-year run of mediocrity (two playoff series wins since 2003 and no playoff appearance since 2014) and dishing out terrible contracts, the team’s value has skyrocketed to $2.2 billion.
